CalAtlantic Group, Inc. (NYSE:CAA) Reaches Overbought Range

Rex Rios

The market capitalization of the company is at $5.34 Billion. Prudential Financial Inc. grew its position in CalAtlantic Group by 5.1% in the first quarter. For CAA, the company now has $129.07 Million of cash on the books, which is offset by $120.13 Million current liabilities.

Dutch paints maker Akzo Nobel, under pressure after rejecting a lucrative takeover offer and two profit warnings, has confirmed merger talks with smaller US rival Axalta Coating Systems Ltd to create a $30 billion company. The company offers crafted homes.

Several other analysts also recently issued reports on the company. Finally, Mizuho began coverage on CalAtlantic Group in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company's stock.

A number of equities research analysts have weighed in on the stock. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell.

CalAtlantic's shares were up 8.8 percent at $44 in premarket trading, while Lennar's shares were untraded. Parametric Portfolio Associates LLC now owns 85,287 shares of the construction company's stock valued at $3,194,000 after acquiring an additional 28,559 shares in the last quarter.

For the current quarter, 14 analysts are projecting a mean EPS of $0.81/share. It will have each share of CAA stock being exchanged for 0.885 shares of Class A LEN stock. Riverhead Capital Management LLC now owns 4,387 shares of the construction company's stock worth $155,000 after purchasing an additional 1,827 shares in the last quarter. According to their predictions high & low revenue estimates are 1.7 Billion and 1.5 Billion respectively.

Now the stock price is moving 20.86% off from the highest level of twelve months and +46.22% above from twelve months low. In the past 3-month period alone, shares of CAA have appreciated +12.95 - or +35.85%.

However the company's price to cash per share for most recent quarter stands at 20.43.

The company surged 21.31% and closed its last trading session at $40.45. The 100-Day trend also shows a BULLISH trend as well. The construction company reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). CalAtlantic Group had a return on equity of 11.73% and a net margin of 6.44%. On October 31, 2017 the stock rating was set at " in a report from Wedbush which was a cut from the previous "Outperform" rating. The 50 day moving average was up $11.57 or +30.86% and the 200 day average moved up $12.76.

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